Bitcoin and education

[rachael9385]

bitcoin and education.
If this post is not permitted to be here please help me forward it.

I want to ask a little question here because I don't won't to be a victim of a big loss.
Now that I have not invested in bitcoin because I haven't learned much about bitcoin investment based on the situation in my locality, I want to know the right answer to my question.
My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

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[1715100395]

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[Cuenta Alternativa]

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Yes, you will be able to understand the basics so you will be able invest in bitcoin making an educated guess. What you will probably not understand is the algorithmic nature of block mining, but you don't need to understand that to invest.

Start by understanding that bitcoin is decentralised, autonomous and limited in nature, and what each of these three characteristics means.

[BlackHatCoiner]

What statistics? If you studied math or statistics in school, you can probably understand most statistics. Investing into Bitcoin versus investing into Bitcoin trading isn't the same thing by the way, and because you referred to the latter, I recommend you to not proceed. You'll just lose your money.

[Cuenta Alternativa]

What statistics? If you studied math or statistics in school, you can probably understand most statistics. Investing into Bitcoin versus investing into Bitcoin trading isn't the same thing by the way, and because you referred to the latter, I recommend you to not proceed. You'll just lose your money.

Yes, I would not recommend bitcoin trading either, especially not to a person who expresses such a lack of knowledge. Better for him to understand in depth and decide, if necessary, to invest for the long term. Let him understand the meaning of the word HODL.

[jayce]

Basically, investing in bitcoin is not different with gold, which you get some, hold it, and sell it in the right time, either of for profit purpose or you want money urgently. But to understand the technical stuffs behind bitcoin, yeah you need to invest your time to learn it. I mean, it's better to know more about something you gonna invest in, right? At least you need basic info of it.

[Cantsay]

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Like others have said, investing in Bitcoin and Bitcoin trading are not the same thing. Like for the investment even without having experience you can just buy some Bitcoin either from an exchange or through physical means if you know of anyone that wants to sell close to you, and hold till the price is good enough for you although that's not just going to happen overnight you have to wait and during this period the price may drop significantly to the point that your coin might not worth anything of value.

But as for the trading part, you have to acquire some knowledge and as long as the person is willing to learn and is committed in learning then there's hope that such a person might turn out to be very good in trading. It's going to take a lot of home studying and practicing with some simulators before you know they'll have enough knowledge to help them start up the real trading.

[bittraffic]

A trader from other markets who learns by reading the charts and indicators can go directly trade BTC without learning the basics of BTC but just using the exchange chart. Learning this from a beginner's view could be tedious but it can be done.

It is recommended to learn a little BTC though, just a bit to learn sending and receiving BTC to your wallet at least.

[un_rank]

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Yes. Financial education is a different topic and is independent of a regular formal one. Anyone can acquire knowledge of Bitcoin and learn how to invest properly, all you need is access to reliable information which are easily understandable to them.

As long as they can fully understand the content of the information they consume, they can understand how bitcoin works.

- Jay -

[serjent05]

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Human is capable of learning.  As long as you put your heart into it, you will eventually learn what you wanted to understand.  You just need put time and hard effort especially if you are not familiar with terms and situation of the aspect you wanted to know about Bitcoin.  Just don't rush things out and do more research than any ordinary person do, besides lots of information is shared on the internet.

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Yes. Financial education is a different topic and is independent of a regular formal one. Anyone can acquire knowledge of Bitcoin and learn how to invest properly, all you need is access to reliable information which are easily understandable to them.

As long as they can fully understand the content of the information they consume, they can understand how bitcoin works.

- Jay -

True, in case the information is hard to understand they need to cross-reference and even research the terms that is quite vague.  @OP can also look for a mentor to explain things to him or teach him the ropes of his plan to understand Bitcoin's financial aspect.

[nimogsm]

bitcoin and education.
If this post is not permitted to be here please help me forward it.

I want to ask a little question here because I don't won't to be a victim of a big loss.
Now that I have not invested in bitcoin because I haven't learned much about bitcoin investment based on the situation in my locality, I want to know the right answer to my question.
My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Today,even children can work with Bitcoin. Education and diplomas are not required or a mathematical mindset. It all depends on you on the Internet, tons of information about how it works/how to invest/principles and mechanisms of Bitcoin,if you are really interested, you can handle it without problems.

[yhiaali3]

Yes it is possible, higher education is not required to understand Bitcoin or invest in Bitcoin. If Bitcoin is adopted on a global scale then everyone should be able to deal with Bitcoin whether educated or not.

What I would like to say is that academic education is not a necessary condition for a person to be successful in any field. Many people did not obtain university degrees, but they succeeded through learning on their own. In front of you is the Internet, you can start learning on your own and develop your skills.

[un_rank]

True, in case the information is hard to understand they need to cross-reference and even research the terms that is quite vague.  @OP can also look for a mentor to explain things to him or teach him the ropes of his plan to understand Bitcoin's financial aspect.

That is true, a local community like the one available on the forum can help users that do not have a full grasp of the English language.

A mentor who has better understanding of how bitcoin works can also be of great benefit to new users to Bitcoin and also to the forum.

- Jay -

[bangjoe]

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

If you don't study you won't know it, I graduated from high school before I couldn't read statistics but as time goes by I continue to learn how to understand bitcoin and what is bitcoin and or what kind of bitcoin trading can be done and how big and how much is the supply and demand from market, I think over time with the motivation to want to learn will find the answer you want, even though basically you have a low level of education but if you seriously understand and focus on studying it I'm sure you don't have to graduate from high school or high school to understand something because you can find sources of knowledge more easily with internet access.

[The Cryptovator]

Sincerely, I don't have a lot of education. Yet you can tell that my forum posting is excellent. Absolutely, but to make it flawless English, I use software like Grammarly. I consequently learn about Bitcoin and can write. In comparison to your post, I studied less. Purely and simply a matter of your effort. Even if you lack formal education, you can learn if you put in a lot of effort. Just being able to read English should be enough. If not, you won't be able to manage your wallets.

[BIT-BENDER]

Well first for you to understand this you must know that education isn’t necessarily what you are taught in schools, you can learn any where and that can be considered education.

I am not tech savvy and have never been but my curiosity and passion to learn bitcoin has gotten me this far. If you can write and read and comprehend things then understand Bitcoin is all about your passion, consistency and availability of learning materials.

[NeuroticFish]

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Investing is rather easy and, as long as one has money he can lose (or keep locked for long time) he can invest. Historically, if one kept his investment untouched for long enough, ended up in profit.

Trading is difficult and even high education may not cover it. Certain skills (coolness) are also required. So, like some others, I'll also advise you be careful and think twice before you go with trading - or just simply avoid it. To be clear: for short periods of time one can easily get lucky and end up on profit; on long term, if not skilled enough, will lose.

[rhomelmabini]

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Being well educated in itself is subjective, you could be low on academics but be good at something else. I don't know what you mean by statistics of Bitcoin investment but I think trading can be learnt by experience and it doesn't need you to be that pure of a genius to learn it. If it's you asking the question then that curiosity is a huge part that you'll learn in the process, just expand your research skills.

[blockman]

Yes.
You actually don't need to understand that much technical stuff about it. You can buy it as easily as you do shop online and then you'll learn the rest later on.
But about statistics you probably are thinking, it's not really too confusing to know what it is all about. I think you mean about the history of it and you can simply view its charts that will show you its past runs through a graph and that's easier to understand than going through articles or any other method that might make you understand about it.

[famososMuertos]

bitcoin and education.
If this post is not permitted to be here please help me forward it.

I want to ask a little question here because I don't won't to be a victim of a big loss.
Now that I have not invested in bitcoin because I haven't learned much about bitcoin investment based on the situation in my locality, I want to know the right answer to my question.
My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

It's serious you question!, I don't know, I mean, you have to explain these things nowadays...there is have to explaining to young person, who was perhaps born in the 21st century, what the process is like to spend your money...

Surely you play  CS (or any game), Well, not getting killed in that game is more difficult than buying or spend $10 in bitcoin.

(and) With the matter of investing-trading, although it is different, is not as difficult either, no more than any activity that is intended to be developed.

You are living it, e.g. just to go to university you go through the stage of high school, well, here it is no different learn the basics.

Let's run an example (1st), but always is very important for everything that involves money, small amounts. So, How you start your experience in this game?, you are advancing little by little, what do you use? strategies!.

Anyway, let's continue, the kids today are playing Roblox (2nd e.g.) In this game there are two processes; 1st, to buy Roblox with real Fiat money, 2nd, then trade on the platform, buy and/or sell.

Nobody who was born before the 21st century had those advantages, you have had them.

Now, surely it is possible that you tell me I never accessed those Internet games, etc.

Well, at least they had to give you money for the allowance, food, etc.
This is OK!, that is right?

So, buying is in that case, (do we have to explain this?) a Coca-Cola, (3rd, e.g.) and trading is, taking that coke and selling it in glasses with ice to your friends at school, or in your neighborhood.

Then, if you bussines grow and it goes well, you sell them by the liter, and buy more, and the business grows, or! quite the contrary, you don't sell anything and you go bankrupt.

But if you lose everything, it was your venture, at least it in the third case, in the previous two it was time and money, but in all cases it is your time and the most important thing is money that you had available for those things and the best thing was your money.

Let's go!  today's young people were born for bitcoin.

It is time for young people to make Bitcoin viral, talk to your friends, learn about bitcoin!
^{Disclaimer:
Damn!, this is not an investment recommendation.}

Neither, that with the above, you are going to throw yourself into the void of investments, but! having that experience as information, leaves you with a bit of ability and advantage, by that I mean, if someone has some prior experience it helps and "it may be" that the way to start processing all the information to be on a level acceptable to understand the trade and its statistics, that is, it is more accessible to its understanding, because honestly, there are people who in their life have never had TDC, or pay bills or even had a job. Anyway... you are welcome.

[armanda90]

There are no exact numbers or statistics in bitcoin I feel, seems wrong perception or mindset from OP after losing much money from other investment way and try to earn exact profit in Bitcoin. I appreciated with your decision want to learn with Bitcoin, but can't guarantee you will earn profit consistency in Bitcoin or have opportunity losing your investment in cryptocurrency.

Long process for understanding about Bitcoin investment, I need more than one year how up next level but can't consistency for earning profit every time when investing in Bitcoin.